Germany's NRW Bank sues over Austrian bad bank bonds

April 14, 2015 4:37 PM

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FRANKFURT, April 14 (Reuters) - NRW Bank has filed a law suit against Austrian "bad bank" Heta for non-payment of bonds following a suspension of its debt imposed by Austrian financial regulators, the German public sector lender said on Tuesday.

NRW is demanding full repayment of 275.5 million euros ($294 million) it held in three senior notes that were issued under German law and covered by guarantees of the Austrian state of Carinthia, NRW said in a statement.

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